Mediation First – for Debt Recovery Law & Practice in India.
Abstract This paper ( presented at International conference on ADR at IIL, Indore) is systematically examining the Debt Recovery Tools along with the laws in India vis-à-vis the Alternative Dispute Resolution (ADR) methods, considering the legal recovery practice and methodology opted by the Banking & Finance Institutions, and accepted by the public sector banks, financial institutions and regulatory bodies. In order to prevent the death of consensus, conciliation and mediation in debt recovery law and practice, this paper explores the possibilities how debt recovery laws can be suitably amended and adopt the principles of mandatory mediation, with an optimistic objective […]
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